Money

By Ramishah Maruf, CNN New York (CNN) — When Keith Bussey first opened his Nothing Bundt Cakes location in Northern California in 2019, he exhausted his 401(k) savings, excited to invest in an up-and-coming franchise. And it really helped that the company had a long-standing tradition of offering its franchisees the option to close on

By Clare Duffy and David Goldman, CNN New York (CNN) — As he promised Sunday, President Donald Trump on Monday signed an executive action that delays enforcement of the TikTok ban for 75 days. The action directs the US Justice Department not to enforce the Foreign Adversary Controlled Applications Act, which passed with broad bipartisan

By Tami Luhby, CNN (CNN) — If US Immigration and Customs Enforcement visits a Chicago restaurant in the coming days, Sam Toia wants to know. With the incoming Trump administration planning to kick off an immigration crackdown in major cities, possibly including Chicago, Toia, CEO of the Illinois Restaurant Association, has been fielding calls from

By Lex Harvey, Auzinea Bacon and Matt Egan, CNN (CNN) — The incoming first couple have launched a pair of meme coins in the leadup to president-elect Donald Trump’s inauguration that are already worth billions of dollars on paper. But the timing of the Trump cryptocurrency launch, just days before taking office and promising to

By Tami Luhby, CNN (CNN) — Move over billionaires. The first trillionaires are on their way. Five people are expected to amass at least $1 trillion in wealth within the next decade, if current trends continue, according to Oxfam’s annual inequality report, released Sunday. Tesla and SpaceX CEO Elon Musk, currently the world’s richest person

By Clare Duffy, CNN New York (CNN) — Instagram has rolled out a number of updates in recent days that appear to be aimed at attracting TikTok users while the short-video app’s future remains in limbo. And on Sunday, Instagram parent company Meta went one step further and announced the launch of a new video

By Elisabeth Buchwald, CNN New York (CNN) — Federal Reserve officials have worked hard to set interest rates at levels that minimize inflation and maximize employment over the past couple of years. And they’ve been remarkably successful, a historically rare feat to pull off. But central bankers’ jobs could get a lot harder in just

By Ramishah Maruf, CNN New York (CNN) — Monday, January 20, commemorates the birthday of the Rev. Martin Luther King Jr. This year, the holiday coincides with President-elect Donald Trump’s inauguration, though the majority of business closures will be for MLK Day. King’s actual birthday is on January 15, but the federal holiday always falls

By Clare Duffy and David Goldman, CNN New York (CNN) — Around 12 hours after shutting itself down in the United States, TikTok is back for many users almost like it never left, attributing its return to a move by President-elect Donald Trump to save the app. TikTok welcomed users back with a notification that

CNN By Clare Duffy and David Goldman, CNN New York (CNN) — Around 12 hours after shutting itself down in the United States, TikTok is back for many users almost like it never left, attributing its return to a move by President-elect Donald Trump to save the app. TikTok welcomed users back with a notification

By Alicia Wallace, CNN (CNN) — President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession. Those feats, economists say, are even more impressive considering the nation was deep in the

By Auzinea Bacon, CNN (CNN) — TikTok users who procrastinated in saving their favorite videos have been doing some last-minute housecleaning with the app set to shut down. On Friday, the Supreme Court upheld a ban on TikTok over concerns about its ties to China. Hours later, TikTok announced it would “go dark” on Sunday

By Aaron Pellish and Brian Stelter, CNN (CNN) — TikTok went offline in the United States Saturday night, less than two hours before a ban was slated to go into effect. The extraordinary blackout prevents access to one of the world’s most popular social media apps – one that had been used by 170 million

By Reuters (CNN) — The U.S. Justice Department on Friday accused pharmacy chain operator Walgreens Boots Alliance of contributing to the U.S. opioid epidemic by filling millions of unlawful prescriptions for addictive painkillers and other drugs. The department intervened in a whistleblower lawsuit filed in federal court in Chicago and accused Walgreens of ignoring “red

By Meena Duerson, CNN (CNN) — When Chad Comey heard sirens outside the Palisades condo he lived in with his parents last Tuesday, he didn’t think much of it. Then the fire alerts started. “I’m holding out hope, I’m rationalizing things, like, we’re right in the heart of the village, this is the last place to make a stand,

By David Culver, Yong Xiong, Norma Galeana, Evelio Contreras and Rachel Clarke, CNN Monterrey, Mexico (CNN) — The huge industrial park sprawls across the rural landscape with row upon row of warehouse-sized manufacturing units. Logos and signs plastered with red and gold — lucky colors in Chinese tradition — brighten the otherwise gray exteriors while

By Auzinea Bacon, CNN (CNN) — The Federal Trade Commission on Friday sued PepsiCo for allegedly engaging in illegal price discrimination with a large retailer. The commission alleges that the retailer, whose name was redacted in the statement from commissioners, received “unfair pricing advantages” that were not made available to others. A source familiar with

By Tami Luhby, CNN (CNN) — The nation will hit its roughly $36 trillion debt limit on Tuesday, when the Treasury Department will start taking extraordinary measures to allow the government to pay its bills, outgoing Treasury Secretary Janet Yellen said in a letter to congressional leaders on Friday. The notice comes just three days

CNN By Clare Duffy, CNN New York (CNN) — The clock is ticking down on TikTok in America. A law that requires TikTok to find a new, non-Chinese owner or face a ban is scheduled to go into effect Sunday — and there is little indication the company is set to pull off a sale